Occasional Tweets: Economists are too stupid for elementary logic ― the final proof

 

#Keynes reasoned in the GT “Income = value of output = consumption + investment. Saving = income − consumption. Therefore saving = investment.” (p. 63)

This syllogism is provably false but After-Keynesians did not realize anything bc they are too stupid for elementary logic.

— E.K-H (@AXECorg) March 12, 2021

For details of the big picture see cross-references Refutation of I=S and cross-references Math/Mathiness  and Ch. 13, The indelible scientific disgrace of economics, in Sovereign Economics.